Lance Pharmacy, Int, opened an office in Bloomington, Minnesota. Lance incurred the following costs in acquiring land, making land improvements, and constructing and furmishing the new sales building: (Cick the icon to view the financial data.) The compary depreciates builings over 30 years, land improvements over 15 years, and fumiture over 12 years, all on a straght-line basis with residual values of zero. Read the tequirements Requirement 1. Identify the proper mocount (Land, Land lemprovements. Sales Building, Garage Building, or Furniture) for each of the costs listed in the problem. Calculate the tatal cost of each asset. Start wth items a through i, next, emler nems j through q, and lasty calculste the totals for each asset category (If an input field is not used in the table leave the field empty; do not enter a zero Found percentages to two places when calculating proportons (X.XXWW), and use your computed pereeneages throughout Round your Tnal answers to the nearest whole dollar)? Data table improvemen basis with 1. Identify the proper account (Land, Land Improvements, Sales Building, Garage Building, or Furniture) for each of the costs listed in the problem. Calculate the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31 . Round to the nearest dollar. 3. Why would a manager need to understand the concepts covered in this